Construction Loans - Premier Capital

Print PDF


	Construction Loans by Premier Capital Thinking of building of your dream home 'Premier Capitals' Construction Loan is designed for building on your block of land. We arrange payments for the builder and have valuers check each stage so you know you are getting what you paid for. Premier Capital offers highly competitive construction loans to help you get where you are going faster. The building process can be a difficult one, especially if you are building your dream home, or your first home. At Premier Capital we work to make at least one part of that process as straightforward as possible. Our construction loans offer you the financial security to get on with the building process without having to worry about unreliable finance. Premier Capital's construction loans can be for land and construction, land (with plans to build on the land in 12 months) and construction only, if you already own your land. We have found that everyone's construction loan needs are different and we work hard to offer something to suit everyone. Premier Capital's construction loans are designed to get you building faster - why not contact one of our experienced consultants to talk about what you need from your construction loan and get the practical help you are looking for. Please contact us for a free consultation and presentation of our full selection. Our construction loans are classified into three portions: 1. Land and Construction. 2. Land Only - Must intend to build on the land within 12 months. 3. Construction Only (Land Owned). > Repayments While land only or during construction, payments are calculated at the current variable rate & interest only. After construction is complete the construction loan converts to variable rate, principal and interest automatically. However requests for other products such as interest only can be made. > Additional Repayments Not available during construction only.	> Construction Period Construction must commence within 12 months from settlement. > Term 10,15,20,25 or 30 Years. > Statement Issue Monthly during construction. > Mortgage Insurance Applies on all loans exceeding 76% LVR. > Fees Offset Option available after construction.

> Repayment Method
You can pay by direct debit on a monthly or
fortnightly frequency.

Additional repayments can also be made via the
internet or phone banking.

> LVR

	Loan Amount	Max LVR
	to $650,000	95% Metro - Owner Occupied only.
	to $750,000	90% Metro - Owner Occupied & Investment.
	$750,001- $1,000,000	85% Metro - Owner Occupied & Investment.
	$1,000,001- $2,000,000	80% Metro - Owner Occupied & Investment.

Amounts higher than $2,000,000 will be considered at LVR's bellow 65%.

Construction Loans by Premier Capital